Introduction
GIGA’s origin story stems from a collective passion to address the glaring gap in women’s gymnastics: female athletes have no professional field of play revenue opportunities.
Despite worldwide popularity and its rank as the #1 Olympic sport among US TV audiences and global female fans, women’s gymnastics has no organized professional system beyond amateur levels, either in the US or elsewhere. Consequently, without any pro leagues or prize money circuits offering attendant on-field earnings, gymnasts must seek revenue outside the sport.
Lack of a structured, professional gymnastics pathway not only hinders earning potential and career longevity, but it also sets up a range of challenges for female athletes.
Formidable financial burdens – such as costly training, coaching fees, and travel expenses – are compounded by the sport's inconsistent media coverage, which limits audience reach, promotional exposure, and associated avenues for NIL monetization. The combination of these economic pressures result in forced, premature retirement for most female gymnasts at top of their game.
This is in stark contrast to opportunities for women competing in other top NCAA and Olympic sports, such as soccer, basketball, volleyball, tennis, and golf; the robust infrastructure and diverse field of play options offered to these female athletes, both domestically and internationally, highlights a sharp disparity and dearth of prospects for women competing at the highest levels in gymnastics.
GIGA is dedicated to building a future where the sport’s top athletes can monetize their talent on the field of play, with self-determined agency and equal opportunities to sustain or extend competitive careers.
This mission extends beyond mere competition; it's about empowering gymnasts to thrive, serving fans, and elevating the sport. In addition to enabling female gymnasts, this includes providing fans with unparalleled access to events, athlete stories, behind the scenes, as well as developing new data-tech, multimedia content, and immersive experiences to inspire the next generation of young athletes, break barriers, and ultimately reshape the landscape of women’s gymnastics.
Success to Date
- $75K SAFE investments committed and $75K secured
- Secured 2 funding grants totaling $130K [$80K and $40K] plus $10K legal pro bono grant
- ~$100K sponsorship deals committed – mix of revenue and op ex cost reduction deals; numerous deals in sales pipeline for sponsor, media, content, and data-tech partnerships
- Top world Olympic gymnasts committed [9 signed], +15 in discussions
- Positive early engagement with top NCAA, US, and international Olympic contending gymnasts – such as Simone Biles, Gabby Douglas, Shilese Jones, and Trinity Thomas
- Recruited and secured advisory board members featuring prominent business leaders plus top US, world, and collegiate athletes, coaches, judges, and influencers
- Confirmed initial 2024 event venue, date, market confirmed – to follow Paris Olympic games [contract pending]
- Created new “pro-level” code of points and professional event competition rules informed by US, NCAA, and internationally rated FIG judges, US, World, and Olympic medal winning gymnasts, as well as prominent US and NCAA women’s gymnastics coaches; secured USAG approval for new code of points and implemented content licensing deal
- Developed and finalized v1 launch website design and soft launch, with initial email capture and lead generation
- Produced brand positioning, logo toolkits, messaging architecture, as well as key tenets for governance rules
- Created social media platform channels, soft launched promotional marketing in late 2023; generated initial followings and early engagement
- Established key agency relationships and recruited initial implementation team
- Formed partnership with new data-tech venture; initiated early pilot testing for pioneering movement data capture and AR/ VR visual renderings; v2 piloting and optimization underway
- Completed first 2-part athlete documentary film – The Becky Downie Story
Market
Untapped global spending, surging women’s sports market
Huge US and global popularity for women’s gymnastics
Why gymnastics and why now?
Audiences with unsatisfied needs and pent-up gymnastics demand
The audience – global consumers with considerable purchase power
Problem
Solution
Create new pro system and establish new era for women’s gymnastics
GIGA value prop – product offering and features
GIGA’s solution to the problem space – benefits offered to key constituents
Business Model
How do we monetize?
Testimonials
Team
The Cofounding team – veterans of gymnastics, media, and global sports
Consulting partners and team of subject matter experts
The Advisory Board member team – veterans of gymnastics, media, and global sports
Investor Invitation:
Why women’s gymnastics and why now?
Use of Proceeds
If the offering's maximum amount of $574,222 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Event Execution / Athletes / Implementation teams | $373,244 | 65.0% |
| Marketing /platform / storytelling content | $143,555 | 25.0% |
| Freelancers and Materials | $29,286 | 5.1% |
| Intermediary fees | $28,137 | 4.9% |
Terms
This is an offering of Class C Common Shares, under registration exemption 4(a)(6), in U.S. Pro Gymnastics Invitational, LLC d/b/a GIGA (Global Impact Gymnastics Alliance), doing business as GIGA (Global Impact Gymnastics Alliance). This offering must raise at least $10,000 by August 23, 2024 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. GIGA (Global Impact Gymnastics Alliance) may issue additional securities to raise up to $574,222, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
GIGA (Global Impact Gymnastics Alliance)’s official name is U.S. Pro Gymnastics Invitational, LLC d/b/a GIGA (Global Impact Gymnastics Alliance), so that’s the name that appears in the statements below.
These financial statements have been reviewed by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Jun 25, 2024GIGA's national PR launch took place on June...
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